Pessimism Hits Record: 73% Of Americans, All Time High, Think US Is Headed In Wrong Direction

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Wed, 08/10/2011 - 15:21 | 1547680 earthling
Wed, 08/10/2011 - 15:33 | 1547740 spiral_eyes
Wed, 08/10/2011 - 15:37 | 1547752 asdasmos
asdasmos's picture

We have the first gold related death. Don't short Gold.

Wed, 08/10/2011 - 15:48 | 1547801 spiral_eyes
spiral_eyes's picture

but gold is just a barbaric relic?

humans have moved on since gold! we now have paper enshrined by the power of government! THAT has inherent value, not some magical mystery metal! the lord his bernankenstein decrees it!

Wed, 08/10/2011 - 16:50 | 1548299 asdasmos
asdasmos's picture

We need to put the Gold shorters on suicide watch.

Wed, 08/10/2011 - 16:58 | 1548375 Random_Robert
Random_Robert's picture

I know-

I just can't believe people are too dense to see how awesome our paper system really is, but they will learn. I am short 1000 contracts of Dec Gold, with a bid to cover at 999. Easy money


Wed, 08/10/2011 - 17:36 | 1548571 JP McManus
JP McManus's picture

Can anyone confirm this is MethMan?

Wed, 08/10/2011 - 18:49 | 1548879 Diogenes
Diogenes's picture

Dont sell America short used to be the motto. And gold is a barbarous relic.

Now it seems to be the other way around.

Wed, 08/10/2011 - 16:05 | 1547914 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bernanke is confusing the rational consumer again.  Brilliant.  When they are just poor enough he will throw cash from helicopters.  Brilliant!  Bernanke the Brilliant!

Wed, 08/10/2011 - 18:50 | 1548876 legal eagle
legal eagle's picture

But, but, but, things are not going to get better -- so pessimissm is realism.

Wed, 08/10/2011 - 15:26 | 1547682 Chief KnocAHoma
Chief KnocAHoma's picture

Maybe the O will hold another press conference and tell me I no longer have to eat my peas and now I am entitled to a piece of chocolate cake. YAY!

I am The Chief

PS buy land -

Wed, 08/10/2011 - 15:45 | 1547782 Buckaroo Banzai
Buckaroo Banzai's picture

I can't believe that 45% of Americans think Obama is doing a good job. I call bullshit.

Wed, 08/10/2011 - 15:48 | 1547797 Henry Chinaski
Henry Chinaski's picture

I can't believe this is sustainable...

Percent of    
US Federal spending that is borrowed = 39.0%
US population on food stamps = 15.1%
Workforce employed by Fed/State/Local Govt = 11.4%
Population Paying Income Tax = 35.9%

In other words    

1 out of every…    
$2.56 spent by the government is borrowed.
6.6 people in the US is on food stamps.
8.8 workers in the US is employed by Federal, State or Local Government.
2.8 people in the US pays income tax.

There are    ...
8.8 taxpayers for each government employee.
4.6 private sector taxpayers for each government employee.

source: as of 8/10/2009

Federal deficit
$14.595 Trillion

Wed, 08/10/2011 - 15:51 | 1547823 cossack55
cossack55's picture

Amount of US population over-medicated = 45%

Wed, 08/10/2011 - 16:46 | 1548278 I am more equal...
I am more equal than others's picture

You can fool 45% of the people all the time. 


Is the captain on a ship of fools a fool? 


...captain oh my captain...

Wed, 08/10/2011 - 17:37 | 1548575 JP McManus
JP McManus's picture

Remember, 50% of the population is below average.

Wed, 08/10/2011 - 15:51 | 1547827 DonnieD
DonnieD's picture
I used to think the same until I realzed that 50% don't pay taxes and our on the dole. So that means that even 5% of them don't like him!
Wed, 08/10/2011 - 16:02 | 1547892 snowball777
snowball777's picture

With logic that profound, you should be in a breadline too.

Wed, 08/10/2011 - 16:03 | 1547893 Conor
Conor's picture

Yes, yes, yes!

This is exactly right!  And this is why I talk about investing in lead of the 9mm, .45, .223, and 00 buck variety. 'Cause when a that monthly allotment on the food stamp card won't buy a week's worth of groceries, where do you think they are going to go?

Just look at England, Egypt, anywhere for that matter.

Wed, 08/10/2011 - 16:38 | 1548186 Buckaroo Banzai
Buckaroo Banzai's picture

Oh. Shit. I forgot about that.

Never mind.

Thu, 08/11/2011 - 00:12 | 1549825 Clearly_Irrational
Clearly_Irrational's picture

When did federal income taxes become the only tax?  What about sales tax, state income tax, property tax, payroll taxes, excise taxes, etc.?  Find me a person who pays zero tax and that's someone who is homeless, jobless, and living off the charity of others.

Wed, 08/10/2011 - 16:00 | 1547872 Citxmech
Citxmech's picture

Who are the 27% who think we're headed in the "right" direction?

It's scary to think that some of those folks are actually breeding.

Wed, 08/10/2011 - 16:15 | 1547951 iDealMeat
iDealMeat's picture

I AM!  The exponentially increasing HFT bubble blowing machine based on lies and manipulation is probably the right direction. It is the fastest means to complete systemic crash.


We need a massive pull back, burned, bleached, and reset..  Then slooow growth backed by "tradition"..


pass the popcorn.

Wed, 08/10/2011 - 16:13 | 1547966 Sudden Debt
Sudden Debt's picture

Here are you foodstamps sir, but eh.... before I hand them over to you.... could you fill out this form about what you think about Obama our great leader?


There is also a 1% margin of error....


Wed, 08/10/2011 - 16:17 | 1548009 Matte_Black
Matte_Black's picture

Mr. Banzai:

A mere few 1000ths of a mm beneath our skins we are all just soft pink stuff. Does that help?

Wed, 08/10/2011 - 16:08 | 1547929 Long-John-Silver
Long-John-Silver's picture

Let them eat cake and just this once they may select chocolate.

Wed, 08/10/2011 - 16:57 | 1548356 Chief KnocAHoma
Chief KnocAHoma's picture

Now that was funny!

Wed, 08/10/2011 - 16:58 | 1548372 andybev01
andybev01's picture

May I please have red velvet instead?

It will help disguise the blood I have recently begun vomiting.

Wed, 08/10/2011 - 15:22 | 1547685 kito
kito's picture

im a contrarian.......invest long on discretionaries!!!!

Wed, 08/10/2011 - 15:22 | 1547686 Sudden Debt
Sudden Debt's picture

WHO THE FUCK ARE THOSE OTHER 27%!!!!!?????!!!!!



Wed, 08/10/2011 - 15:24 | 1547691 Dr. Engali
Dr. Engali's picture

They are the few who think it's beyond repair and needs a reset.

Wed, 08/10/2011 - 15:25 | 1547696 dwdollar
dwdollar's picture

No, they are government workers.

Wed, 08/10/2011 - 15:28 | 1547717 Dr. Engali
Dr. Engali's picture

You have a point. Although they seem to be bitching louder than most.

Wed, 08/10/2011 - 15:46 | 1547790 CrimsonAvenger
CrimsonAvenger's picture

Have you ever dealt with government union members...on anything? Pay, benefits, performance? I swear, it's like touching a burn victim.

Thu, 08/11/2011 - 04:48 | 1550020 Pay Day Today
Pay Day Today's picture

Remember that Apple didn't collect $70B-odd in cash reserves by using unionised labour. Those cheap Chinese rats were far more profitable than Californians.

Wed, 08/10/2011 - 15:25 | 1547697 IQ 145
IQ 145's picture

Nice. I was thinking; "too bad they don't have any idea what the right direction is". Which they don't.

Wed, 08/10/2011 - 15:30 | 1547726 piceridu
piceridu's picture


Wed, 08/10/2011 - 15:50 | 1547815 Henry Chinaski
Henry Chinaski's picture

They are governement employees.

Wed, 08/10/2011 - 15:58 | 1547848 macholatte
macholatte's picture

Who knows if these polls are valid or politically motivated. The propaganda machine is so very sophisticated these days. Yet, no organized opposition to the status quo. So that tells me that the apathy switch in "ON". Self defeating behaviour, change the channel, don't bother them with facts and don't do anything to cause them to get off their butts and go outside and sit in the street until the freeway is completely clogged with people sitting in the road playing with their iPads and cell phones and such. No need to shoot guns and burn shit. But none of it is happening in the USA. It is disappointing.

 To sin by silence when they should protest makes cowards of men.
Abraham Lincoln

Wed, 08/10/2011 - 20:44 | 1549318 WebWeasel
WebWeasel's picture

They're the ones taking a close look at their own colon.

Wed, 08/10/2011 - 23:36 | 1549771 mayhem_korner
mayhem_korner's picture

I understand that's a service that can be outsourced to Congressman Frank (D-MA).

Wed, 08/10/2011 - 15:23 | 1547688 dick cheneys ghost
dick cheneys ghost's picture

I saw the fat lady last nite



and she was singing.........

Wed, 08/10/2011 - 15:28 | 1547718 Bam_Man
Bam_Man's picture

I looked up in the sky and saw Danderoo singing "Turn Out the Lights the Party's Over" to Howard Cosell.

Wed, 08/10/2011 - 16:51 | 1548311 A Lunatic
A Lunatic's picture

You sure she was singing? Sounded more like begging for mercy to me, although I freely admit I don't really understand all that high pitched Italian wailing. Did the fucking lasagna get burned or something?

Wed, 08/10/2011 - 15:23 | 1547689 Gubbmint Cheese
Gubbmint Cheese's picture

I thought we were living in an autonomous collective.....

Wed, 08/10/2011 - 15:41 | 1547768 fuu
fuu's picture

Come see the violence inherent in the system.

Wed, 08/10/2011 - 16:03 | 1547896 snowball777
snowball777's picture

Help! I'm being repressed!

Wed, 08/10/2011 - 16:55 | 1548345 A Lunatic
A Lunatic's picture

I am assuming by repressed you mean ass raped.

Wed, 08/10/2011 - 15:47 | 1547796 CrimsonAvenger
CrimsonAvenger's picture

You're fooling yourself.

Wed, 08/10/2011 - 15:24 | 1547690 Conrad Murray
Conrad Murray's picture

Perhaps it is time to kill Osama for the 3rd (or is that 4th?) time.

Then they'd have to kill the people that killed Osama again. And the people that killed the people that killed Osama again.


gasoline is headed for $9/gallon. Or roughly what Europeans pay today

All going according to plan: "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe" - Steven Chu, US Energy Secretary

Thanks Barry Soetoro!

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